Automotive Carbon Wheels Market by Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles), Distribution Channel (OEM, Aftermarket), and Region 2024-2032

Automotive Carbon Wheels Market by Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles), Distribution Channel (OEM, Aftermarket), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A7706
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Market Overview:

The global automotive carbon wheels market size reached US$ 868.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,856.9 Million by 2032, exhibiting a growth rate (CAGR) of 8.5% during 2024-2032. The rising need to improve fuel efficiency in vehicles, the escalating demand for lightweight materials, and various technological advancements represent some of the key factors driving the market.

Report Attribute
 Key Statistics 
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 868.4 Million
Market Forecast in 2032
US$ 1,856.9 Million
Market Growth Rate 2024-2032 8.5%


Automotive carbon wheels are high-performance wheels made from carbon fiber reinforced polymer (CFRP) composites. They offer a range of benefits over traditional metal wheels, including reduced weight, increased strength, and improved performance. They are also lighter than their metal counterparts, which reduces weight and improves acceleration, braking, and handling, which provides faster lap times and improved driving dynamics. In addition to their performance benefits, carbon wheels offer improved aesthetics as the unique weave pattern of the carbon fiber creates a distinct look that is popular with car enthusiasts. Moreover, they are more durable, resistant to damage from road hazards than traditional metal wheels, are less likely to deform or crack under stress, and offer a higher level of shock absorption. Nowadays, manufacturers are offering custom color options, which allow customers to personalize the appearance of their wheels. Owing to these benefits, automotive carbon wheels are gaining traction across the globe.

Automotive Carbon Wheels Market Trends:

The market is primarily driven by the escalating demand for luxury and high-performance cars and the rising need to improve the fuel efficiency of vehicles. In addition, the increasing utilization of lightweight materials in vehicles represents another major growth-inducing factor. Nowadays, automotive manufacturers are adopting carbon wheels as they serve as a lightweight alternative to traditional metal wheels, which helps improve fuel efficiency and reduce emissions. Besides this, with various technological advancements, the production costs of carbon fiber composites are decreasing, making it more accessible and cost-effective for automotive manufacturers to use in their vehicles and produce them in larger quantities. This, coupled with the rising product adoption due to its aesthetic appeal, is increasing its adoption in luxury cars, thus contributing to market growth. Moreover, automotive carbon wheels offer significant performance benefits over traditional metal wheels, which has escalated their demand among sports car and high-performance vehicle manufacturers. Furthermore, the rising disposable incomes of individuals, the expanding automotive industry, especially in developing economies, the increasing environmental regulations, the rising adoption of electric vehicles, and the introduction of advanced product variants are some of the other factors that are creating a favorable market outlook across the globe. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global automotive carbon wheels market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on vehicle type and distribution channel.

Vehicle Type Insights:

  • Two Wheelers
  • Passenger Cars
  • Commercial Vehicles
     

The report has provided a detailed breakup and analysis of the automotive carbon wheels market based on the vehicle type. This includes two wheelers, passenger cars, and commercial vehicles. According to the report, passenger cars represented the largest segment.

Distribution Channel Insights:

  • OEM
  • Aftermarket
     

A detailed breakup and analysis of the automotive carbon wheels market based on the distribution channel has also been provided in the report. This includes OEM and aftermarket. According to the report, OEM accounted for the largest market share.

Regional Insights:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe was the largest market for automotive carbon wheels. Some of the factors driving the Europe automotive carbon wheels market included the escalating demand for luxury vehicles, the increasing utilization of lightweight materials, and the advent of advanced product variants.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global automotive carbon wheels market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Carbon Revolution Limited, Dymag Group Limited, ESE Carbon Company, HRE Wheels, Litespeed Racing LLC, Rolko Kohlgrüber GmbH (INDUS Holding AG), and Rotobox d.o.o. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Vehicle Types Covered Two Wheelers, Passenger Cars, Commercial Vehicles
Distribution Channels Covered OEM, Aftermarket
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Carbon Revolution Limited, Dymag Group Limited, ESE Carbon Company, HRE Wheels, Litespeed Racing LLC, Rolko Kohlgrüber GmbH (INDUS Holding AG), and Rotobox d.o.o.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global automotive carbon wheels market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global automotive carbon wheels market?
  • What is the impact of each driver, restraint, and opportunity on the global automotive carbon wheels market?
  • What are the key regional markets?
  • Which countries represent the most attractive automotive carbon wheels market?
  • What is the breakup of the market based on the vehicle type?
  • Which is the most attractive vehicle type in the automotive carbon wheels market?
  • What is the breakup of the market based on the distribution channel?
  • Which is the most attractive distribution channel in the automotive carbon wheels market?
  • What is the competitive structure of the global automotive carbon wheels market?
  • Who are the key players/companies in the global automotive carbon wheels market?

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the automotive carbon wheels market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global automotive carbon wheels market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the automotive carbon wheels industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Automotive Carbon Wheels Market by Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles), Distribution Channel (OEM, Aftermarket), and Region 2024-2032
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